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POSCO Future M Recognized for ESG Management, Newly Included in 'DJSI Asia Pacific Index'
2023.12.12
- Recognized for efforts in reducing carbon emissions, stakeholder communication, and supply chain management.
POSCO Future M has been newly included in the 'Dow Jones Sustainability Indices (DJSI) Asia Pacific' index as of 2023, receiving global recognition for its ESG management performance.
The DJSI, a sustainability index announced annually by financial information provider S&P Global, evaluates companies based on economic performance, environmental, social, and governance aspects. It is a widely used benchmark assisting global investors in responsible investment decision-making.
The 'DJSI Asia Pacific' index, in which POSCO Future M has been newly included, is awarded to the top 20% of companies in ESG management among the 600 largest companies in the Asia and Pacific region. POSCO Future M has also been included for the second consecutive year in the 'DJSI Korea,' representing the top 30% of the 200 largest companies in Korea.
POSCO Future M is leading the way in reducing carbon emissions, expanding its greenhouse gas management metrics from the current direct and indirect emissions (Scope 1 and 2) to include indirect emissions (Scope 3) encompassing the entire range of business activities, such as partner companies and logistics systems, to achieve carbon neutrality by 2050.
Additionally, the company actively communicates with various stakeholders by publishing the 'Corporate Citizenship Report' and 'ESG Policy Collection', detailing its ESG management achievements. It also strives in supply chain management by using responsibly sourced minerals certified as free from human rights violations for primary production materials like cathode and anode materials.
In October, POSCO Future M achieved a higher comprehensive 'A' grade in the 2023 ESG evaluation by the Korea Institute of Corporate Governance and Sustainability (KCGS), a step up from the previous year, further affirming its ESG management accomplishments.
With the recent trend of expanding collaborations with global battery and automaker companies, POSCO Future M plans to enhance its objective and substantial ESG capabilities, resonating with a wide range of stakeholders.
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(Photo Description) POSCO Future M has been newly included in the DJSI Asia Pacific index. The photo shows POSCO Future M employees commemorating the creation of a carbon offset forest near the Gwangyang plant in Mt. Gyejoksan last November as part of their carbon-neutral efforts.
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